European Commissioner Michel Barnier, Acting Commissioner for Industry and Entrepreneurship, said: "CSR is not just about protecting stakeholders or the value of an enterprise through compliance with ethical or other standards. It is also, and increasingly, about creating new value through the innovation that comes from challenging a company’s status quo and looking for better solutions. We look forward to receiving stakeholders’ valuable feedback on our CSR agenda and on their expectations for the future.”

The Commission is seeking stakeholders’ views about the impact of its Corporate Social Responsibility (CSR) Strategy over the past three years and on the role it should play in the future.

The Commission's 2011-14 CSR Strategy set an ambitious agenda to strengthen its implementation at international level and created a number of models on how to practically implement its principles (MEMO/11/730). More and more CSR is becoming a valuable tool to improve a company's competitiveness: encouraging social and environmental responsibility in the corporate sector can also bring benefits in terms of cost reductions, access to capital, improved customer relationships, human resource management and innovation capacity.

Public consultation on the European Commission’s strategy on CSR 2011-2014: achievements, shortcomings and future challenges

European Commissioner Michel Barnier, Acting Commissioner for Industry and Entrepreneurship, said: "CSR is not just about protecting stakeholders or the value of an enterprise through compliance with ethical or other standards. It is also, and increasingly, about creating new value through the innovation that comes from challenging a company’s status quo and looking for better solutions. We look forward to receiving stakeholders’ valuable feedback on our CSR agenda and on their expectations for the future.”